STEICO Group (ISIN DE000A0LR936) released its Half-Year Report 2026 today, revealing a mixed performance as the company navigated geopolitical disruptions. Revenue for the first half of 2026 reached EUR 200.3 million, a modest 0.6% increase from EUR 199.1 million in the same period last year, driven by a strong second quarter as the construction season began. However, the company faced significant cost pressures stemming from the US–Iran conflict, which disrupted supply chains and led to rising expenses.
EBITDA for the first six months stood at EUR 29.0 million, down 22.1% from EUR 37.2 million a year earlier. EBIT declined even more sharply, falling 30.8% to EUR 14.7 million from EUR 21.2 million, resulting in an EBIT margin of 7.5%. The company attributed the margin compression to a time lag between cost increases and the implementation of price hikes. Despite these challenges, management expressed confidence in improved profitability in the second half of the year, citing expected catch-up effects and ongoing demand for bio-based building materials.
The Executive Board confirmed its full-year 2026 guidance, projecting revenue growth between -2% and +4%, corresponding to EUR 375 million to EUR 398 million. EBIT is forecasted to range from EUR 30 million to EUR 38 million, implying an EBIT margin of 8.0% to 9.5%. The complete financial report is available at https://www.steico.com/en/investor-relations/.
The STEICO Group, a global market leader in wood fibre insulation, continues to position itself as a system provider for sustainable timber construction. The company's product portfolio includes flexible insulation bats, rigid boards, laminated veneer lumber, and I-joists, catering to both new builds and renovations. The results underscore the impact of geopolitical tensions on the construction materials sector, even as demand for energy-efficient building solutions remains robust.
